Turnkey Automotive Facility in
515 Washington St Peekskill, NY 10566
515 Washington St, Peekskill, NY, 10566
$1,450,000
For Sale
$1,450,000
Fully operational automotive service facility with equipment included in thriving area.
Property Size3,600 SF
Price / SF$402.78
Days on Market85
Property Features for 515 Washington St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial
Listing Agency
McGrath Realty Inc Hopewell Junction
(845) 896-5444
Listed by
Ryan P. McGrath · License #10401313731
(845) 896-5444
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 5:58 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGrath Realty Inc Hopewell Junction
Investment Insights
Based on property information with market context.
This is a 3,600 square foot turnkey automotive facility situated on Washington Street in Peekskill. The property benefits from excellent visibility and accessibility in a well-established commercial area with strong foot traffic and easy access for customers throughout the Hudson Valley region. It features a complete professional setup, making this an immediate income-generating opportunity. The facility includes five overhead doors for maximum workflow efficiency, a professional paint booth for complete auto services, and multiple vehicle lifts. The building has 15+ foot ceilings suitable for large vehicles and equipment. There is a customer waiting room and two half bathrooms. The property also includes a 15-car parking area. This automotive service facility is suitable for an experienced operator looking to expand or an investor seeking an established business model. The location has a walk score of 81, indicating it is very walkable, a bike score of 36, indicating it is somewhat bikeable, and a transit score of 45, indicating some transit options are available.
Key Highlights
- Turnkey automotive facility: Immediate income‑generating opportunity.
- Prime location on Washington Street in Peekskill: Excellent visibility and accessibility.
- Fully equipped: Includes professional paint booth and multiple vehicle lifts.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.3k | $34.80 |
| − Vacancy | −$16.5k | −$4.59 |
| EGI | $108.7k | $30.21 |
| − OpEx | −$32.6k | −$9.06 |
| NOI | $76.1k | $21.14 |
3,600 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$951.5K – $1.27M
NOI $76,120 @ 7.0% cap · market cap 5.25%
Second Best
Industrial
$730.2K
$638.9K – $851.9K
NOI $51,112 @ 7.0% cap · market cap 3.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ultimate Auto Body
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Northern Westchester Collision — 899 Washington St, Peekskill, NY 10566
- Discount Tire Depot — 419 Washington St #400, Peekskill, NY 10566
- T & T Auto Inc — 600 Washington St, Peekskill, NY 10566
- Stedeford's Mobile Auto Glass — 2 John Walsh Blvd, Peekskill, NY 10566
- Nightcrawler towing & Recovery Inc — 620 Washington St, Peekskill, NY 10566
FAQs
What type of property is this?
Auto shop - Fully operational automotive service facility with equipment included in thriving area.
Where is this auto shop located?
The property is located at 515 Washington St Peekskill, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Turnkey automotive facility: Immediate income‑generating opportunity.; Prime location on Washington Street in Peekskill: Excellent visibility and accessibility.; Fully equipped: Includes professional paint booth and multiple vehicle lifts.
